UAE trade sets a nine-month record even as growth slows, and the GCC lays the legal tracks for its railway

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WHAT WE’RE TRACKING TODAY

THIS MORNING: GCC inks agreement for long-awaited regional railway + Adia lines up USD 7.5 bn for private market push

Good morning, everyone. The UAE’s foreign trade grew at its slowest pace this year in 3Q 2026, though 9M volumes neared the AED 3 tn mark — a record high for the period — and the war and its supply chain disruptions are to blame.

One piece of good news, though? The GCC is making headway on a regional railway, which would give Gulf freight a route by land to ports outside the Strait of Hormuz, after signing a general agreement laying out the regulatory groundwork for the project.

Also in today’s issue: Plenty of UAE names are looking to lock in funding, with Modon securing its largest financing package yet at AED 13.7 bn and an Adia subsidiary seeking a USD 7.5 bn loan for financing existing and future private market investments.

Plus: India is looking into holding part of its petroleum reserves in Fujairah where tankers can load outside of Hormuz, and Adnoc’s overseas LNG push finds its first buyer in India’s Gujarat Energy, marking the first sale from XRG’s overseas portfolio.

Making railway

The GCC signed the regulatory framework for its long-delayed regional railway, which would give Gulf freight a route by land to ports outside the Strait of Hormuz. Transport ministers signed the General Agreement for the GCC Railway Project in Bahrain on Sunday, according to a press release. The agreement sets common rules for rail transport across member states so the six national sections can run as a single network. Bahrain’s transport minister told The National that the pact finalizes the regulatory groundwork the project needs to proceed.

The 2.1k-km line is 55.9% complete and still targeting full operations by December 2030, GCC Secretary General Jasem Albudaiwi was quoted as saying by Ajel. It would connect Kuwait, Saudi Arabia, Bahrain, Qatar, the UAE, and Oman. Each country finances and tenders its own section, and the agreement doesn’t set out a shared financing package or operating company. The most advanced cross-border piece is Hafeet Rail, the USD 2.5 bn, 238-km line linking Oman’s Sohar port to the UAE network, which has secured USD 1.5 bn in debt financing through a joint venture of Etihad Rail, Oman’s Asyad Group, and Mubadala.

Why it matters: Cargo moving between GCC states went by truck throughout the war, and the railway is projected to carry more than 95 mn tons of goods a year by 2045. Still, capturing that freight from trucks and short-sea shipping will depend on tariffs, transit times, and how well the line connects to ports and industrial zones.

Reserve seat

Meanwhile, New Delhi could keep part of its emergency oil in Fujairah: India is exploring holding part of its strategic petroleum reserve in Fujairah, where tankers can load outside the Strait of Hormuz, Gulf News reports. The UAE is India’s fourth-largest crude supplier and its second-largest for LNG and LPG, according to India’s Foreign Ministry.

The storage push runs in both directions: Adnoc could expand its storage in India to as much as 30 mn barrels, nearly triple the roughly 11 mn barrels it already leases through India’s strategic reserve system. The Indian prime minister’s office has identified two sites, one in Andhra Pradesh and the other in Odisha.

More of Adnoc’s crude is set to load outside Hormuz: The Habshan-Fujairah pipeline can carry around 1.8 mn bbl / d, and an expansion due to start operating in early 2027 could double that bypass capacity. Adnoc has told some Asian refiners that part of their supply is likely to arrive through the expanded line from early next year. Other countries in the region, including the Philippines and Indonesia, have been in talks with the UAE on fuel supply and storage options, after Adnoc already agreed to increase its crude storage presence in India, Japan, and South Korea.

Adia lines up USD 7.5 bn for its private market push

A subsidiary of Abu Dhabi Investment Authority (Adia) is seeking a USD 7.5 bn loan to finance existing and future private-market investments, including infrastructure, private equity, and real estate, Zawya reports, citing loan market publication LPC. The subscription credit facility will have an initial one-year term, with options to extend it twice for another year each. Banks have until 27 November to submit commitments, with signing scheduled for 11 December.

Who's putting up the money? First Abu Dhabi Bank, HSBC, Société Générale, and Standard Chartered are among the banks arranging the financing, with Standard Chartered acting as sole coordinator. The borrower is Platinum PAD FinCo1 A 2026 RSC. The facility would provide financing for the fund’s private-asset investments, although borrowing costs and the eventual lender commitments haven’t been disclosed.

REMEMBER- Adia has been tapping lenders to support its overseas portfolio: The wealth fund sought AUD 3.75 bn (USD 2.6 bn) in financing earlier this year, backed by stakes in Australian infrastructure assets. The latest facility comes as Adia raises its long-term private equity allocation range to 15-20% from 12-17%, giving it a larger target allocation for investments in companies outside public markets. The new loan would provide another source of capital for that strategy without necessarily requiring Adia to sell existing investments.

UAE eyes involvement in Gabon mining

An Abu Dhabi-based miner is behind a proposed USD 2 bn plan to revive one of Gabon's long-stalled rare-earth projects, according to a statement from Gabon’s presidency. Abu Dhabi-based minerals developer and investor New Energy Metals (NEM) and its subsidiary Dusk Gabon presented a technical study for the Mabounié niobium and rare-earth deposit to Gabonese President Brice Clotaire Oligui Nguema during his visit to Beijing. The study was prepared with Chinese engineering partner ENFI and puts the investment at USD 2 bn, with more than 2.5k direct jobs. Construction could start in 2027, Bloomberg reports.

Gabon wants the processing done at home: The president’s condition is that the niobium be processed in Gabon, in line with a broader push to make foreign industrial partners create jobs and value locally. Mabounié, c. 200 km southeast of Libreville, has been prospected for years without reaching commercial production. Neither the presidency nor Bloomberg said how the project would be financed.

IN CONTEXT- The UAE has been building closer economic ties with Gabon this year: the two countries signed a trade agreement in January, and mining development featured in several bilateral MoUs signed in February.

Data point

AED 171.26 bn — that’s the value of Abu Dhabi’s real estate transactions in 9M 2026, up 76.1% y-o-y, according to Abu Dhabi Real Estate Centre data published by the Abu Dhabi Media Office. Transaction volume grew at a slower pace of 32.8% to nearly 38.5k, with property sales doing much of the heavy lifting: total value more than doubled to AED 119.33 bn (+105%), while the number of sales transactions rose 49.2%. The figures extend a record-breaking run that saw the market surpass its full-year 2025 transaction value by September.

And foreign money is still flowing in: Investment by non-resident individuals reached AED 17.22 bn in 9M 2026, more than double the AED 8.2 bn recorded throughout 2025, with Al Reem (AED 29.86 bn) and Al Hudayriyat (AED 28.62 bn) islands leading overall transaction value.

But the headline growth doesn’t tell the whole story: As we reported last week, residential sales volume fell 17.3% q-o-q in 3Q even as home prices rose 16.8% y-o-y, pointing to a market where values are climbing despite slower activity in some segments.

PSA

WEATHER- Abu Dhabi will see a high of 36°C and a low of 26°C today, while in Dubai, temperatures will reach 35°C before cooling to 27°C overnight, according to our favorite weather app.

Happening tomorrow

European representation will be joining the trilateral Russia-Ukraine-US peace talks held in Abu Dhabi tomorrow and on Wednesday. French Foreign Minister Jean-Noël Barrot said Europe would be “well represented,” Reuters reports, and that France would be in attendance. Talks will focus on post-war security agreements, humanitarian efforts, and de-escalation.

The big story abroad

Nvidia is investigating its own boss. The company said in a brief statement yesterday that it will look into whether CEO Jensen Huang “has been the target of a foreign intelligence effort.” Huang was reportedly in a romantic relationship with Alice Huang, an executive at Megaspeed and an alleged Chinese spy. Megaspeed is a Singapore-based Nvidia customer that has come under US scrutiny over alleged smuggling of Nvidia chips into China. Nvidia is caught between Washington and Beijing — the Trump administration has licensed it to sell a limited range of chips to China, but Beijing has blocked their import.

Singapore has overtaken Ireland as Apple’s largest tax shelter, the Financial Times reports. The tech giant used Singapore’s tax incentive regime to cut USD 2.7 bn from its tax bill this year after attributing up to USD 50 bn in earnings to its Asian hub, according to disclosures filed with its annual report under new US reporting rules. That beats the USD 2.6 bn reduction it secured through Ireland, home to its European headquarters.

Anthropic is pushing further into the energy sector. The AI lab secured commitments for 1.7 GW of heavy-duty gas-fired generators for data centers in September, paying USD 3.4 bn to Texas-based equipment supplier OnePWR Solutions, the Financial Times reports. The order includes the engineering and construction expertise needed to get the generators up and running. It marks the biggest known one-off acquisition of power-generation equipment by an AI lab, as developers increasingly go straight to suppliers to secure hard-to-find power gear.

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UAE non-oil trade hits record 9M near AED 3 tn as exports to top partners jump 31%

The UAE’s non-oil foreign trade grew 10% y-o-y to almost AED 3 tn in 9M 2026, a record for the period, but growth slowed noticeably in the third quarter. In 1H, trade grew 13.1%. By our math, that puts 3Q growth at c. 5% y-o-y, the slowest pace this year. Non-oil exports to the UAE’s 10 largest trading partners still rose 31%, Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum said on X.

What’s driving the export jump isn’t clear yet: Exports to the top 10 partners grew three times faster than overall trade, but the announcement didn’t name the partners or break out imports and exports.

REMEMBER- Trade was already running hot: The UAE’s non-oil foreign trade reached AED 1.94 tn in 1H 2026, up 13.1% y-o-y, with non-oil exports climbing 23.9% to AED 452.8 bn. Trade with countries covered by implemented CEPAs reached AED 304.3 bn during the period, including AED 66.1 bn in non-oil exports.

The war is the likely drag: The UAE’s non-oil economy shrank 1.1% in 2Q as the war disrupted trade volumes, though trade remained the largest contributor to non-oil GDP in 1H at 16.2%. 3Q was the first full quarter after the airspace reopened in May, and growth still slowed.

The good news: The CEPA pipeline is still growing. The UAE has concluded CEPAs with 40 countries, with 20 already in force, as we reported last week. The country’s agreement with the Democratic Republic of Congo recently took effect, while a newly signed CEPA with Benin is expected to boost exports to the West African country by more than USD 1 bn by 2033.

What’s next: The UAE is targeting AED 4 tn in non-oil foreign trade by 2031. It reached c. AED 3 tn, or 75% of that target, in 2024, so a full-year 2026 figure in the mid-AED 3 tn range would keep it on track.

Modon secures record AED 13.7 bn financing, more than doubling average debt maturity

ADX-listed Abu Dhabi developer Modon Holding secured its largest financing package yet at AED 13.7 bn (USD 3.7 bn), more than doubling its average debt maturity as it refinances existing borrowings and funds its development pipeline, according to a company statement (pdf). The financing was more than 1.5 times oversubscribed, reflecting strong lender demand for the developer’s debt.

Why it matters: The financing gives Modon more time to repay existing borrowings while securing access to capital for future developments, easing near-term refinancing pressure as it pursues projects in the UAE and overseas.

REMEMBER- Modon has a sizable development pipeline to fund, both at home and abroad. The ADQ-backed developer is the master developer of Egypt’s USD 35 bn Ras El Hekma megaproject, where it has been awarding major construction contracts. More recently, Modon was reported to be seeking an EGP 35 bn syndicated loan to fund infrastructure at Wadi Yemm, the project’s first district.

The breakdown: The package includes a AED 4.7 bn, five-year term loan and a AED 9 bn revolving credit facility with an initial three-year term, extendable to five years. Modon also has the option to increase the financing by up to AED 4 bn, subject to additional commitments. The facilities span conventional and Islamic financing in AED and USD.

Who’s bankrolling it? Lenders include our friends at Mashreq, alongside ADCB, ADIB, Emirates Islamic, Emirates NBD, FAB, HSBC, Citi, JPMorgan, National Bank of Kuwait, and Standard Chartered. Rothschild & Co advised Modon on the financing.

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Dana Gas’ 3Q earnings jump as production gathers pace

Higher production and realized hydrocarbon prices lifted Dana Gas’ 3Q net income 50% y-o-y to AED 165 mn, while its revenue rose 42% to AED 436 mn, according to the company’s earnings release (pdf). The bottom-line growth tracked a 17% increase in group production to 61.4k barrels of oil equivalent per day during the quarter.

9M in picture: On a 9M basis, revenue climbed 48% y-o-y to AED 1.38 bn, while net income rose 48% to AED 558 mn. However, excluding a one-off metering reconciliation of AED 176 mn, the firm’s bottom line was broadly flat, inching up around AED 3 mn. Daily production averaged 55.8k barrels of oil equivalent, up 6%.

Expansion starts paying: The energy producer rode a wave of stronger oil prices and higher production across Egypt and Iraq’s Kurdistan region. Higher utilization at Iraq’s Khor Mor gas field boosted results, as did six new wells and three recompletions in Egypt, which added 50 bn cubic feet of resources and 35 mn scf / d in production.

More on the way: “We hope to utilize our full production capacity in the coming months,” Mohammed Mubaideen, the company’s head of investor relations, told CNBC Arabia. Dana Gas currently produces about 570 mmcf / d of gas against an installed capacity of 750 mmcf / d, he said, with regional conditions limiting utilization at Khor Mor. Dana Gas has also recently inked a supply agreement with Iraq’s federal electricity ministry, expanding its customer base beyond the Kurdistan Regional Government.

Adnoc seals first overseas LNG sale, Dewa to expand Hassyan desalination plant, and ECB eyes Kuwait link

Adnoc’s overseas LNG push finds its first buyer

Adnoc sealed its first LNG offtake agreement from overseas gas assets: Abu Dhabi National Oil Company (Adnoc) signed a 10-year agreement to supply India’s Gujarat Energy with up to 4 mn tons of liquefied natural gas (LNG) starting in 2028, marking the first sale from its international investment arm XRG’s overseas portfolio, according to an Adnoc statement. The agreement is Adnoc’s fifth LNG supply contract in India, with the gas set to come from XRG-owned assets outside the Gulf. The financial terms and the specific source of supply weren’t disclosed.

What's the bigger play? Adnoc is connecting its overseas gas investments with Asian buyers through its LNG marketing and trading platform, launched in July. The platform has since secured agreements with buyers in Japan and Thailand, while XRG recently agreed to acquire Shell’s 16.7% stake in Australia’s North West Shelf LNG project for USD 1.45 bn. Adnoc is targeting 47 mn tons of marketable LNG annually beyond 2030 as it builds up its international supply network.

REMEMBER- India is already a major buyer of Adnoc’s LNG: As we reported in January, Adnoc Gas signed more than USD 20 bn in LNG contracts with Indian buyers over the previous two years, largely drawing on UAE production. The Gujarat Energy agreement extends that relationship to XRG’s international portfolio, giving Adnoc another way to serve Indian demand beyond its Gulf-based supplies.

More desalination capacity coming for Dubai

Dubai Electricity and Water Authority (Dewa) signed a 30-year water purchase agreement with Acwa Power for the AED 1.8 bn second phase of the Hassyan seawater desalination plant, Wam reports. Acwa Power will develop, finance, build, and operate the plant and take a 40% stake, with Dewa holding the remaining 60%.

The expansion boosts the plant’s capacity by a third: Phase two will add 60 mn gallons a day to the 180 mn gallons a day from phase one, which is due for completion in 1Q 2027. That will take Dubai’s total desalination capacity to 735 mn gallons a day by 2029. The plant uses reverse osmosis, which pushes seawater through membranes and uses far less energy than the thermal plants that have long supplied the Gulf. The UAE relies on desalination for most of its drinking water and is targeting 90% of it from reverse osmosis by 2030.

Etihad Credit Bureau eyes link with Kuwait

Kuwaiti lenders could soon be able to check the credit records of companies operating in the UAE: The Etihad Credit Bureau aims to complete a technical link with Kuwait’s credit system by the end of 2026, its first step toward a GCC-wide network for sharing credit data, Al Bayan reports. The first phase covers corporate credit information only, though the company plans to study extending coverage to individuals next.

Why it matters: More cross-border lending and investment is flowing between Gulf markets, and lenders need to assess borrowers’ solvency across borders, Etihad Credit Bureau Director General Marwan Lutfi told the paper. The bureau has already started working with Kuwait’s banking sector. A full GCC network will take further technical and operational studies, he added.

Africa’s corporate debt market is just 0.3% of the world’s, with Egypt’s share more than halved since 2010

Africa’s corporate debt market is too thin for the economy it serves, according to the OECD’s Africa Capital Markets Report 2026. Outstanding market-based corporate debt across all 54 countries came to USD 211 bn at the end of 2025. That’s just 0.3% of the global total for a continent that accounts for 2.7% of world GDP. Syndicated loans make up 81% of that stock, and bonds only USD 35 bn.

Egypt’s slice of that market has more than halved since 2010. That year, Egyptian-headquartered companies held 30% of Africa’s corporate debt, only slightly below South Africa’s share. By 2025, Egypt’s share had fallen by more than half. The OECD attributes the drop largely to a contraction in Egypt’s own corporate debt stock, rather than to strong growth elsewhere on the continent. South Africa has been the region’s largest market for the past 15 years and now holds 30% of the total at USD 63 bn. Six countries — Egypt, Mauritius, Morocco, Mozambique, Nigeria, and South Africa — account for 80%.

Issuance is just as thin. No more than 20 corporate bonds were sold across the continent in 2025, and 17 of them were issued by financial companies. The bond market has shrunk 44% in real terms since its 2015 peak, mostly because of lower activity in South Africa. Syndicated loans signed in 2025 averaged about five years in maturity, against 7.5 years in other emerging markets. Median issue sizes for both bonds and loans still exceed those in emerging markets more broadly, which the OECD reads as a sign that large companies are the main users of the market and smaller firms still depend on bank lending.

Currency risk makes things harder. Only 17% of corporate debt issued in 2025 was in local currency, so a company that borrows in USD or EUR also takes on the risk of its own currency weakening. Egypt’s local-currency debt has a separate problem: FX rationing and sharp devaluations have repeatedly disrupted foreign investors’ ability to convert back into the greenback. As a result, they typically cap their EGP allocations at a fraction of what they put into African peers with the same nominal yield.

IN CONTEXT- Egypt’s own corporate bond market is young and short-dated. Valu closed its maiden conventional corporate bond in August, raising EGP 1 bn across two tranches: a 13-month fixed tranche at 20.75% and a 36-month tranche priced at 1% above the Central Bank of Egypt’s average corridor rate. The regulator is still writing the rulebook. The Financial Regulatory Authority’s (FRA) tighter private-bond rules, issued in August, set a firm 30-working-day subscription deadline that issuers can extend only with FRA approval.

The equity side of the same report reads better. African market capitalization rose 49% in 2025, nearly two-and-a-half times the 20% pace across emerging markets, and African exchanges beat the MSCI Emerging Markets Index over 2021-2026. Over the longer stretch since 2015, the corporate bond market has kept shrinking.

The OECD’s fixes put most of the work on policymakers. The report finds that the main barriers to bond market development are macroeconomic and institutional and that technical fixes such as better market infrastructure only pay off once those foundations are in place. Regulatory quality, rule of law, exchange-rate stability, and pension fund development are among the strongest correlates of market depth. A credible sovereign benchmark yield curve is the next building block, because it gives corporate bonds a local-currency reference to price against.

Excessive public borrowing can crowd out corporate credit, the report warns. Egypt’s borrowing is both heavy and short-dated. The state raised about EGP 4.3 tn at home in the first four months of FY 2026/27, almost all of it to refinance existing debt, and bills made up 85% of accepted domestic issuance last quarter.

Why it matters: Aid is shrinking. Official development assistance from OECD donors to sub-Saharan Africa fell by more than a quarter in a single year, yet the savings that could replace it are already on the continent. Pension and ins. assets exceed USD 1 tn, although the OECD finds that too little of that money goes into productive domestic investment. Corporate bond markets are how that money could reach African companies, Egypt’s included. By our read, what stands in the way is currency risk, along with a domestic investor base that is already busy financing the state.

MARKETS THIS MORNING-

Asian markets opened in the green earlier today. Japan’s Nikkei was up 2.4% and South Korea’s Kospi was up around 0.6% on the back of Friday’s US rally, though broader gains were limited amid concerns over a probe into Nvidia’s CEO. The MSCI Asia Pacific Index climbed 0.7%.

ADX	9,393	-1.3% (YTD: -6.0%)
DFM	6,026	-0.3% (YTD: -0.4%)
Nasdaq Dubai UAE20	4,901	-0.2% (YTD: +0.3%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.7% o/n	4.8% 1 yr
TASI	10,018	-0.8% (YTD: -4.5%)
EGX30	50,812	-0.7% (YTD: +21.5%)
S&P 500	7,377	+0.3% (YTD: +7.8%)
FTSE 100	10,674	-1.0% (YTD: +7.5%)
Euro Stoxx 50	6,170	-1.0% (YTD: +6.5%)
Brent crude	USD 98.32	0.0%
Natural gas (Nymex)	USD 3.00	+1.7%
Gold	USD 4,075	-0.9%
BTC	USD 74,697	-1.4% (YTD: -14.8%)
Lunate JP Morgan UAE Bond UCITS ETF	AED 3.57	0.0% (YTD: -0.4%)
S&P MENA Bond & Sukuk	149.69	-0.1% (YTD: -1.5%)
VIX (Volatility Index)	25.6	-9.0% (YTD: +71.5%)

THE CLOSING BELL-

The DFM fell 0.3% on Friday on turnover of AED 1.3 bn. The index is down 0.4% YTD.

In the green: Al Mazaya Holding Company (+12.5%), Emirates Investment Bank (+7.3%), and Amlak Finance (+4.7%).

In the red: Islamic Arab Ins. Company (-4.3%), Dubai Refreshment Company (-3.2%), and Dubai Islamic Ins. and Reinsurance Co. (-3.2%).

Over on the ADX, the index fell 1.3% on turnover of AED 1.1 bn. Meanwhile, Nasdaq Dubai was down 0.2%.

CALENDAR

NOVEMBER

4-16 November (Wednesday-Monday): ADIB rights trading period.

9-10 November (Monday-Tuesday): Annual government meetings, Abu Dhabi.

9-12 November (Monday-Thursday): EMEA Council on Hotel, Restaurant and Institutional Education Conference, Dubai College of Tourism, Dubai.

9-13 November (Monday-Friday): World Congress of Military Med, Adnec Center, Abu Dhabi.

10-12 November (Tuesday-Thursday): Dubai International Electric Vehicle Exhibition & Conference, Dubai World Trade Center.

10-24 November (Tuesday-Tuesday): ADIB rights issue subscription period.

11 November (Wednesday): DIP Holding expected to begin trading on the DFM.

11-12 November (Wednesday-Thursday): Ras Al Khaimah Investment and Business Summit, Ras Al Khaimah Exhibition Center, Ras Al Khaimah.

12 November (Thursday): Bloomberg Invest, One&Only Royal Mirage, Dubai.

16-17 November (Monday-Tuesday): The Mining Show, Dubai World Trade Center, Dubai.

16-18 November (Monday-Wednesday): World Police Summit, Dubai World Trade Center, Dubai.

17-18 November (Tuesday-Wednesday): Data Center World Middle East, Dusit Thani Hotel, Abu Dhabi.

18-19 November (Wednesday-Thursday): Touchdown Middle East 2026, Conrad Abu Dhabi Etihad Towers, Abu Dhabi.

19 November (Thursday): Middle East Defense Conference, Rabdan Academy Headquarters, Abu Dhabi.

23-26 November (Monday-Sunday): Big 5 Global, Dubai World Trade Center, Dubai.

25-26 November (Saturday-Sunday): Doers Summit, Dubai Silicon Oasis, Dubai.

DECEMBER

2-4 December (Wednesday-Friday): UN Water Conference, UAE.

4-6 December (Friday-Sunday): Formula 1 Abu Dhabi Grand Prix, Abu Dhabi.

8-9 December (Tuesday-Wednesday): Capital Market Summit, Madinat Jumeirah, Dubai.

8-9 December (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

7-10 December (Monday-Thursday): Abu Dhabi Finance Week, Al Maryah Island, Abu Dhabi.

8-10 December (Tuesday-Thursday): Abu Dhabi Water & Power Week, Adnec Center, Abu Dhabi.

8-10 December (Tuesday-Thursday): Middle East & North Africa Business Aviation Association Show, DWC, Dubai Airshow Site.

Signposted to happen sometime in 2027:

1 January: Deadline for large businesses to implement e-invoicing;
14-17 January (Thursday-Sunday): MOC27 Motor, Outdoor & Camping Festival, Dubai Sevens Stadium, Dubai.
1Q 2027: Completion of the first phase of Hassyan seawater desalination project;
1-3 February (Monday-Wednesday): World Governments Summit;
31 March: Small businesses with annual revenues of less than AED 50 mn are obliged to contract with an accredited service provider for e-invoicing implementation;
31 March: Government entities are required to appoint an accredited service provider for e-invoicing implementation;
21-22 April (Wednesday-Thursday): Token2049, Dubai;
11-13 May (Tuesday-Thursday): Middle East Energy, Expo City, Dubai.
31 May-2 June (Monday-Wednesday): RailX Dubai, Dubai World Trade Center, Dubai.
1 July: Deadline for small businesses to implement e-invoicing;
1 October: Deadline for governments to implement e-invoicing;
November: HR Tech, Abu Dhabi.
Abu Dhabi’s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning.

Signposted to happen sometime in 2028:

Artificial Intelligence Summit.

Signposted to happen sometime in 2029:

Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai;
Annual Meetings of the World Bank Group and the International Monetary Fund, Abu Dhabi;
The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.

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